Good morning! Here’s the technology news you need to know this Friday.
1. Former Uber CEO Travis Kalanick is being sued by early investor Benchmark Capital over fraud allegations. Benchmark said it would never have approved three extra board seats if it was made aware of the controversy inside Uber.
2. Google cancelled a meeting for staff with CEO Sundar Pichai that was meant to address the controversial memo written by James Damore. The meeting was cancelled less than two hours before it was meant to take place — and Google blamed safety concerns.
3. Snap missed across the board for Q2 earnings and its stock sank. Stock was down 16% after the company only increased the number of daily users by 7 million.
4. Elon Musk has publicly denied a story about him firing his assistant of 10 years. Musk called the story, which was included in a biography about him, “total nonsense.”
5. Uber’s first employee, a close confidant of ex-CEO Travis Kalanick, is stepping down. Senior vice president of global operations Ryan Graves will step down in September.
6. Amazon reportedly wants to offer ticketing for events in the US. It recently started holding live shows for Amazon Prime members.
7. Microsoft’s Surface devices are “significantly less reliable” than other laptops, says Consumer Reports. It removed its “recommended” designation for the products.
8. SoftBank is now the major power player in Indian ecommerce after a reported $US2.5 billion (£1.9 billion) investment in Flipkart. Flipkart is the biggest ecommerce firm in India with around 37% market share.
9. SoundCloud must sign a new investment deal today or it risks running out of funding. The company is on the verge of signing a deal for $US170 million (£130 million) in new funding.
10. Apple is facing a new antitrust challenge in China. 28 local developers are accusing Apple of removing their apps and charging high fees.
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